PPFAS Mutual Fund Acquires Nearly 6% Stake in Embassy Office Parks REIT

PPFAS Mutual Fund has executed a major open‑market transaction by acquiring close to 6% stake in Embassy Office Parks REIT on February 24, 2026. The purchase took place on a day when the REIT’s units saw a notable price correction on the NSE.

The acquisition involved 5.6 crore units being bought at ₹420 per unit, resulting in a total investment of ₹2,364.4 crore. Simultaneously, several international funds exited a comparable quantity of units in the same session.

Details Of the Stake Acquisition and Market Transaction

The REIT witnessed heavy trading activity as PPFAS Mutual Fund acquired 5.6 crore units at a uniform price of ₹420 per unit. The transaction value amounted to ₹2,364.4 crore, placing PPFAS among the significant institutional holders in the REIT.

The units traded at ₹420.02 on the NSE by the close of the session, reflecting a 3.3% decline. The sharp correction brought the REIT to its lowest closing level since November 17, 2025.

Funds That Offloaded Units and Their Sale Breakdown

Capital Income Builder, American Funds Global Balanced Fund, and Small Cap World Fund collectively sold nearly 5.5% of the REIT’s outstanding units. Capital Income Builder sold 1.06 crore units, valued at ₹447.4 crore, representing a 1.1% stake.

American Funds Global Balanced Fund exited 1.25 crore units for ₹525 crore, reflecting a 1.3% stake sale. Small Cap World Fund offloaded 2.92 crore units, amounting to a 3.08% stake and generating ₹1,227.3 crore from the sale.

Background Of Institutional Holders and Prior Stakes

Small Cap World Fund, owned by US‑based Capital Group, held a 4.01% stake in Embassy Office Parks REIT as of December 2025. The recent transaction marks a significant reduction in its position.

Capital Income Builder and American Funds were also among large institutional participants holding exposure to the REIT. The coordinated exits from these funds contributed to substantial supply in the market during the trading session.

Market Reaction and Trading Context

Embassy Office Parks REIT witnessed increased volatility during the session owing to the large‑scale institutional activity. The 3.3% price decline to ₹420.02 indicated selling pressure coinciding with the exit of global funds.

The price level represented the REIT’s lowest close in more than 3 months. Market participants observed heightened turnover driven by the matching of bulk sale orders with the PPFAS Mutual Fund’s acquisition.

Read More: PPFAS Set to Enter Passive Arena with 2 GIFT City Outbound Funds Launch.

Conclusion

The acquisition of nearly 6% stake by PPFAS Mutual Fund marks a significant development for Embassy Office Parks REIT. The transaction was executed alongside major stake sales by several global funds amounting to over ₹2,199 crore.

The REIT experienced a notable price correction during the session due to heightened trading activity. The shift in institutional ownership reflects evolving portfolio strategies among both domestic and international investors.

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